Natixis Advisors L.P. Boosts Stock Holdings in Stifel Financial Corp. (NYSE:SF)

Posted by Defense World Staff on Sep 2nd, 2023

Natixis Advisors L.P. raised its stake in Stifel Financial Corp. (NYSE:SF – Free Report) by 19.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,126 shares of the financial services provider’s stock after purchasing an additional 9,022 shares during the quarter. Natixis Advisors L.P. owned about 0.05% of Stifel Financial worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in Stifel Financial by 113,703.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,654,257 shares of the financial services provider’s stock worth $621,889,000 after purchasing an additional 10,644,895 shares in the last quarter. Morgan Stanley raised its stake in shares of Stifel Financial by 422.3% in the 4th quarter. Morgan Stanley now owns 3,120,148 shares of the financial services provider’s stock valued at $182,123,000 after acquiring an additional 2,522,805 shares during the period. Norges Bank purchased a new position in shares of Stifel Financial in the 4th quarter valued at $60,421,000. Millennium Management LLC lifted its holdings in shares of Stifel Financial by 19.7% during the 4th quarter. Millennium Management LLC now owns 2,828,861 shares of the financial services provider’s stock valued at $165,121,000 after acquiring an additional 466,338 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in Stifel Financial by 55.2% during the 1st quarter. GW&K Investment Management LLC now owns 1,244,567 shares of the financial services provider’s stock worth $73,542,000 after purchasing an additional 442,819 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JMP Securities restated a “market outperform” rating and set a $91.00 price objective on shares of Stifel Financial in a research note on Friday, June 30th. StockNews.com assumed coverage on Stifel Financial in a report on Thursday, August 17th. They issued a “buy” rating for the company.

Read Our Latest Analysis on SF

Stifel Financial Stock Up 2.0 %

Shares of Stifel Financial stock opened at $66.33 on Friday. Stifel Financial Corp. has a 1-year low of $49.31 and a 1-year high of $68.77. The company has a market capitalization of $6.93 billion, a PE ratio of 13.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.83 and a quick ratio of 0.79. The business has a 50-day moving average of $62.38 and a 200-day moving average of $60.76.

Stifel Financial (NYSE:SF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.13). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Stifel Financial had a return on equity of 14.51% and a net margin of 13.83%. Stifel Financial’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.44 dividend on an annualized basis and a yield of 2.17%. Stifel Financial’s dividend payout ratio (DPR) is 28.69%.

Insider Transactions at Stifel Financial

In other news, CEO Christopher K. Reichert sold 9,623 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $62.38, for a total transaction of $600,282.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.52% of the company’s stock.

Stifel Financial Company Profile

(Free Report)

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada.